June 24, 2020 (MLN): The State Bank of Pakistan released the Bid Pattern for its PIB Auction. Auction Target is Rs.140 Billion, out of which Rs.50 billion is for 3 Year, Rs.40 Billion for 5 Year, Rs.35 is for 10 Year and 10 and 5 billion are for 15 and 20 years.

Coupon Rates are 9.00% for 3 year,9.50% for 5 year, 10% for 10 year, 10.50% for 15 year and 11.00% for 20 years.

Fixed Rate PIBs of 3, 5, 10, and 20 years will be re-opening of 19 Sep 2019 issue, while the auction for sale of 15 years will be reopening of 16 Apr 2020.

Auction settlement date is June 25, 2020.

Link to Full Bid Pattern

Copyright Mettis Link News

35421